Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Tag Archives: VA income requirements

VA Loan Employment and Income Rules: A Reader Question

VA Loan Employment and Income Rules: A Reader Question

A reader asks, “I’m in the process of closing on the house. However, I was delayed in that process due to my wife finding a new job close to where we will be. My lender states the VA loan requires...

VA Income Requirements for Loans: Verifiable Income Only

VA Income Requirements for Loans: Verifiable Income Only

In our previous post we discussed VA loan requirements for employment and income. One thing we mentioned briefly are the VA income requirements that lenders use only “verifiable” income to calculate the borrower’s creditworthiness, plus the debt-to-income ratio. What does this mean?...

VA Loans, Income, and Military Benefits

VA Loans, Income, and Military Benefits

When you fill out a VA loan application, if you are a currently-serving military member you're asked to list your income from your military pay and allowances. But the total amount you take home may not necessarily be considered "verifiable"...